Entry in Romanian property market
After consideration of the Romanian real estate market for over two years, Vabeld has now successfully completed its first acquisition in Bucharest. Notwithstanding Vabeld’s long term focus on the retail property market, Vabeld is convinced of the potential of the logistics and semi-industrial market in and around Bucharest and has acquired 15 hectares of prime industrial land adjacent to the A1 highway on the western fringe of the capital.
The land is vacant except for two unfinished buildings totaling over 11.000 m2 of surface area which Varoed, Vabeld’s Romanian subsidiary, will seek to finish in the next half year. It is Varoed’s intention to develop build-to-suit projects on the remainder of the land.
Whereas additional acquisitions in the semi-industrial property market are being considered, Varoed’s objective is to build up a high quality retail portfolio in Romania, with a focus on Bucharest.
Romania is the fifth country where Vabeld has direct property investments.
Vabeld completes third acquisition on Lord Street in just 2 years time
A retail unit measuring 129 square meters, leased to Thomas Cook, situated between two buildings already owned by Vabeld.
This is the seventh acquisition in central Liverpool since 2011, which is proof of Vabeld’s commitment to this city, which still offers great potential in our view.
Purchase Sloper building in Rio de Janeiro
Purchase Sloper building rua Uruguaiana 55 in Rio de Janeiro
Vabeld has acquired 5 retail floors from this majestic building, located in what is arguably the busiest shopping street in downtown Rio. The property had been targeted for several years and was owned by a listed fund, whose only property this was. The majority of the shareholders voted in favour of the transaction during a general assembly held in January and the transaction was completed in March. The property has a major frontage onto Rua Uruguaiana and is rented to Leader, one of Brazil’s largest department stores.
We would like to hear from you. Feel free to contact us.
In light of our continuous growth, your retail asset(s), whether located in Belgium or elsewhere might be of interest to us. Are you considering selling commercial real estate or do you know someone who wishes to do so, do not hesitate to contact us, with no obligation on your part. We do not act as a broker and discretion can be guaranteed. If you are interested in one of our properties for sale or for rent, do not hesitate to phone or e-mail us.